This will be a positive contribution to consumer confidence. It's too early to jump up and say things are completely turned around, but for the moment, it buys us more time.
More Quotes from Anthony Chan:
There's always that danger that the Fed gets impatient here, ... But I think that most of the Fed governors today feel that gradualism is the best policy, because if they err on the side of doing too much, the price of being wrong is not so high.Anthony Chan
We will see more bad news on the employment front. We see unemployment going to 6.1 percent or 6.2 percent before it's over no way are we going to see that coming down while we're creating so few jobs.
Anthony Chan
Recent trends in this index strongly suggest that the largely anticipated path towards economic recovery has in all likelihood already begun,
Anthony Chan
We've fallen far short of prior economic expansions, ... We're about 5-12 million (jobs) short of where would be today if this were a typical expansion.
Anthony Chan
It provides more ammunition for the doves arguing for more moderation, and takes leverage away from the hawks arguing for (a bigger, half-percentage point) hike.
Anthony Chan
This economic recovery is a lot more fragile than most of us thought.
Anthony Chan
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Harold Pinter
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